The Fair Share Report
3 Papps Dr
Hamilton, NJ 08620
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $400,734 – $565,589, from 12 comparable Hamilton sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Hamilton assessments sit below market value — republished every October, applied town-wide. A $448,305 home should be assessed near $274,901.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,299 above what the ratio math suggests (5.9%).
Step 4 · The tax rate — same for every Hamilton home
$1.510 Schools · 41% $0.831 County · 22% $1.367 Town · 37%
This home's own bill implies $3.377 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hamilton sale · assessed ÷ market
38%78%
Paying about right
This home's ratio lands inside Hamilton's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 210 MAIN ST | 2025-06 | $561,000 | 2,067 | 44.6% |
| 583 MER-EDINBURG RD | 2025-04 | $391,000 | 2,136 | 93.1% |
| 390 YDV-HAM SQ RD | 2026-04 | $575,000 | 2,153 | 62.0% |
| 2501 SYLVAN AVE | 2025-11 | $600,000 | 2,028 | 47.9% |
| 51 N CREST AVE | 2026-04 | $465,000 | 2,089 | 74.3% |
| 125 LAURA AVE | 2025-10 | $475,000 | 2,038 | 53.6% |
| 8 CLARION CT | 2025-02 | $425,000 | 2,052 | 74.3% |
| 421 PAXSON AVE | 2025-03 | $442,500 | 2,182 | 73.9% |
| 4273 BROAD ST | 2026-04 | $368,000 | 3,046 | 73.5% |
| 18 MONROE DR | 2026-03 | $477,500 | 2,312 | 68.8% |
| 6 STRASSBERG CT | 2026-05 | $600,000 | 1,987 | 57.8% |
| 7 MELODY CT | 2026-05 | $567,000 | 1,800 | 49.6% |
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